The Aspen story is one that in many ways mirrors the global wholesale specialty insurance and reinsurance markets that we know and love so much.
After a few years of relative underperformance – nothing catastrophic or life-threatening but underperformance nonetheless – Aspen now finds itself in the hands of private equity in the form of serial industry investor Apollo.
Mark Cloutier is in post to turn Aspen around for its new owner just at the time that much of the market is taking similar remedial action to improve performance.
Mark and Apollo have done this successfully before and that’s why this is such a good episode to get wrapped up in.
After all If you are openly turning something around for a sale you have to be building the sort of long-term value that a new owner is going to be looking to acquire.
Finding out how Mark plans to do this gives a lot of insight into how one of the smartest investors in our sector thinks.
LINK:
We thank our supporter, Claims Direct Access (CDA) for their support today.
Here is a link to their website:
https://www.claimsdirectaccess.com/
Ep132 Sean McGovern CEO UK and Lloyd’s, AXA XL: Redefining Everything
Ep131 Simon Hedley CEO Acrisure Re Group: Finding a way to get things done
Ep130 Clive Buesnel CEO Tysers: Here to make our brokers brilliant
Ep129 Waleed Jabsheh President IGI: A Good Company is a Good Company
Ep128 Miles Wuller of Ryan Specialty Underwriting Managers: Enabling Masters of their trade
Ep 127 Mike Reynolds CEO Oneglobal Broking: Organic builds take longer
Ep126 Jonathan Zaffino President, Ascot Group: We don’t believe in big bets
Ep 125 Jonathan Turner CEO of Gallagher Specialty UK - Every insurer is talking about growth
Ep 124 Tom Hoad Head of Innovation TMK: Innovation is really about doing stuff
Ep 123 Ryan Mather CEO Ariel Re: Meet the New Guard
Ep 122 Dan Trueman: The only way to be in Cyber is to be an expert
Ep 121 Johan Slabbert CEO MS Amlin: Sustainable profit before growth
Special Episode. The Data Council: Standards, not Systems
Ep 120 Michael Millette: The best market opportunities for 20 years
Special Episode: Being everywhere multiple times a day with Stephen Lathrope, Global Head of Insurance, ICEYE
Ep 119 Scott Purviance CEO AmWins: A Market built for Creativity and Response
Ep 118 Vicky Carter: Nurturing the Future of the Industry
Ep 117 Channelling a Raging Torrent of Insurance Innovation: George Beattie, Head of Incubation Underwriting at Beazley and Co-chair of the Lloyd’s Product Launchpad
Ep 116 James Kent Global CEO Gallagher Re: A broker run by brokers
Ep 115 How Parametric will fix Commerial Insurance: Descartes Underwriting
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